Monthly Archives: October 2017

Creating Charitable Clarity

By |October 31st, 2017|

If you could only focus on one meaningful philanthropic project the rest of your life, then what social sector would you focus on? Once you know what social sector you would like to focus on for the rest of your life, then what area of the globe would you like to work and serve? Once you know your social sector, geographical location, now what specific age group of the population do you want to engage? For example, say your life philanthropic mission falls under the scope of education. Then education would be the social sector whereby you want to [...]

Comments Off on Creating Charitable Clarity

How Much Money Does It Take?

By |October 30th, 2017|

How much money does it take to eliminate extreme poverty forever? How much money does it take to cure cancer? How much money does it take to end homelessness in America? How much money does it take to transform negative, human behavior into positive, lasting change? How much money does it take to control the weather; to change the climate? How much money does it take to create first world infrastructure, from sanitation, clean water systems, electricity, highways, and other transportation systems along with communication systems, within the developing world? How much money does it take to complete your [...]

Comments Off on How Much Money Does It Take?

Ownership is a Mockery

By |October 29th, 2017|

Ownership is a mockery. Whatever you own, it will mock you. It will demand and command your time, attention, money, energy, and emotions. The classic example that most everyone can relate to is car ownership. Your car wants love and care. It wants its tires rotated on a regular basis, it needs fuel about every week and sometimes more often, it wants to be washed and waxed and clean on the inside and outside. It needs a license plate, insurance and a nice garage to be parked in. And of course the oil and washer fluids and so many [...]

Comments Off on Ownership is a Mockery

The Encouraging Donation

By |October 28th, 2017|

The encouragement donation is the donation that gives enough encouragement to the recipient charity or person without the donor being all-in as a major donor/investor within the organization or individual. This financial gift is relative to the recipient and also to the donor. The amount will be different from donor to donor and from organization to organization. It may entail only $500, or even $5,000, or even $50,000 or more, but to the giver, it is not considered a large enough amount as a philanthropic investment would be whereby the donor wants to be more intimately involved in the [...]

Comments Off on The Encouraging Donation

How the Wealthy Think

By |October 27th, 2017|

When a fund management firm wants all your money, you probably have the wrong firm. Greed is never attractive. And when financial firms or charities treat their clients like step children because they only give them the least amount of money to get into the door, as either a financial investor client, or a charitable investor donor, then it really is not the wisest way to treat extremely wealthy people. Just as many wealthy people would never turn over all of their wealth to their children and then sit back and watch how they handle it, why would they [...]

Comments Off on How the Wealthy Think

There is a Difference B/W Industry Experts & Technical Experts

By |October 26th, 2017|

There is a difference between industry experts and technical experts. Not to offend anyone, but to simply state reality. As I’ve often experienced, industry experts tend to be less intelligent than technical experts. For example, one person may work for a financial firm as a wealth advisor, which would make them a so-called industry expert. But the one who is actually making the trades, reading the numbers and connecting the financial dots, those are the ones who tend to have the PhD in economics and are the technical experts. You can apply this same kind of thinking to almost [...]

Comments Off on There is a Difference B/W Industry Experts & Technical Experts

Consulting 101

By |October 25th, 2017|

If your consultants are always telling you to read other people’s materials, then you might have the wrong consultant. After all, if they are not capable of coming up with their own great ideas, then why take their consultation. You can read a book or do your own research on the Internet without a consultant. You can be your own self-led consultant if all they really do is borrow material that is already in the public domain. But if I wanted that material then I wouldn’t need you as a consultant. This thinking applies to both philanthropic consultants and [...]

Comments Off on Consulting 101

Either Lead or Stay in Bed!

By |October 24th, 2017|

Conversational leadership that is circular is meaningless. Leadership no matter what you call it, if it does not go anywhere, it is not leadership. Managers tend to maintain and manage the status quo. Leaders lead themselves and others into unknown places for a better future. Often financial advisors are not leaders, but rather maintainers. For the fear of losing money, they simply maintain a client’s wealth. Few lead their clients into new territories for actualized real growth. After all, the one’s doing it, usually are doing it in their own personal lives with or without you. The same can [...]

Comments Off on Either Lead or Stay in Bed!

If Cash is King, Is the King Still on His Throne?

By |October 23rd, 2017|

Debt is dumb and cash is king only if the king is still on his throne. Just think of all the stockpiles of confederate cash that in an instant became worthless. Or as I was traveling through London recently, I decided to takes lots of different currencies from my many travels to cash out of those and cash into British Pounds. Unfortunately, lots of my cash from places in Africa were no longer wanted. They were so devalued that no one would take them. For they too had been replaced by newer currencies with newer kings. So how does [...]

Comments Off on If Cash is King, Is the King Still on His Throne?

Debt Enslaves You

By |October 22nd, 2017|

If you spend more money than you make or have, then you will eventually go broke. It is a fact of life. It isn’t rocket science. If your charity or nonprofit spends more money than it brings in from fundraising and generous donors, then your charity too will eventually go broke. The only way you will not go broke immediately is to max out lots of credit cards, take on more loans than you and stupid bankers know you will never be able to repay, to take a second or even third mortgage on any property that you have [...]

Comments Off on Debt Enslaves You